By Rehan Khan
ISLAMABAD, Apr 17 (APP):The United States Agency for International Development (USAID) Pakistan on Wednesday launched the Pakistan Climate Financing Activity, an up to $10 million, four-year endeavor aimed at bolstering sustainability and
climate res
ilience in Pakistan.
Funded through USAID, this init
iative underscores the steadfast commitment of the U.S. government to foster responsible stewardship of natural resources and combat the
climate crisis. It represents a significant stride towards fulfilling the objectives outlined in the U.S.-Pakistan “Green Alliance” framework.
The USAID Pakistan Climate Financing Activity will help facilitate Pakistan’s transition to a low-carbon,
climate-resilient economy. Through targeted technical assistance, the init
iative aims to mobilize both public and private, domestic and international finance for
climate mitigation, res
ilience, and adaptation efforts.
At the launch event held in the federal capital, notable attendees included representatives from the Ministry of Climate Change and Environmental Coordination, representatives from the provincial departments of the Government of Pakistan, as well as representatives from the private sectors, development partners, decision-makers from Pakistan’s financial sector, and academia.
Addressing the audience on Wednesday, USAID Deputy Mission Director Maura O’Brien emphasized, “The USAID Pakistan Climate Financing Activity will support innovative projects tailored to Pakistan’s context, scaling up efforts to build
climate res
ilience. Through evidence-based solutions, this activity aims to advance Pakistan’s capacity to respond to
climate change effectively. I am confident that the Pakistan Climate Financing Activity will bridge gaps and fulfill existing needs – and ultimately advance Pakistan’s capacity to respond to
climate change effectively.”
Echoing USAID’s sentiments, coordinator to Prime Minister on Climate Change Rumeena Khurshid stated, “The Government of Pakistan warmly welcomes this init
iative from the United States, aimed at bolstering our nation’s
climate res
ilience, mitigation, and adaptation efforts. While Pakistan has made strides in fostering an innovative
climate landscape, financial constraints remain a significant impediment. This activity will serve as a catalyst for concerted action, bringing together government, private sector, environmental experts, and development partners to tackle the challenges posed by
climate change.”
The USAID Pakistan Climate Financing Activity aligns with USAID’s global flagship init
iative to enhance
climate investment in vulnerable and emerging markets. By de-risking and catalyzing
climate finance equitably, this init
iative aims to leverage both public and private sector investments to fortify Pakistan’s capacity for
climate res
ilience and adaptation.
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